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Stock Market & Financial Investment News

News Breaks
July 17, 2014
06:47 EDTAPPStandard General plans American Apparel future without ex-CEO, Reuters says
Standard General, a little-known hedge fund that has taken control American Apparel, has organized a recovery plan for the retailer with or without its recently dethroned CEO Dov Charney, according to Reuters citing comments from the fund's partner David Glazek. Reference Link
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January 23, 2015
09:10 EDTAPPAmerican Apparel rumored to prepare to accept $1.30 per share bid, FT blog says
American Apparel, which previously rejected a $1.40 per share takeover bid as too low, appears to have had a "rethink" and it "appears that $1.30 is just right now" and "a deal is just about done," according to posts in a Financial Times Alphaville Markets Live chat. The chat cautioned that the comments are "market chatter information that has not been formally tested through traditional journalistic channels." Reference Link

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